Step-Down and Frank,
Appreciate your comments. I also called several friends including one who's an experienced engine builder of both stock and blower flatheads, many 8BA's. The consensus was to leave the Best Gaskets pan gasket its out-of-the-box length, sandwiching the gasket between the upper and lower seal retainers with RTV dabbed on both sides. And thinking about it, that makes sense. If Best Gasket intended their gasket to stop at the edge of the retainer, why would they add the extra length to it, intending that the assembler then trim it? And the length of their gasket, from the closest pan bolt hole to its end is exactly to the inside of the retainer, not the outside.
Anyway, it'll get assembled this way today. I'll let you know how it works.
Many thanks,
Steve